Rates and allowances 2027/28

6 April 2027 to 5 April 2028. Figures last checked between 7 November 2026 and 8 November 2026. 47 figures are announced but not yet legislated. 8 figures are not yet set and are shown as such.

This is not the current tax year. The tools use 2026/27 by default; this page is here for returns, comparisons and planning.

Next scheduled change: 6 April 2028. New tax year 2028/29. The personal allowance and basic rate limit stay at £12,570 and £37,700 until April 2031.

Income tax bands by nation

England and Northern Ireland

Band	Taxable income	Rate	Source	Checked	Status
Basic rate	£0 to £37,700	20%	gov.uk	7 November 2026	Announced (The basic rate limit is fixed until April 2028 by Finance Act 2023; the rate for 2027/28 is set in Finance Bill 2026-27)
Higher rate	£37,701 to £125,140	40%	gov.uk	7 November 2026	Announced
Additional rate	Over £125,140	45%	gov.uk	7 November 2026	Announced

Taxable income is pay above the personal allowance. The band limits do not change with the allowance; the gross pay at which each starts does.

Scotland

Band	Taxable income	Rate	Source	Checked	Status
Starter rate	Not set				Not yet set (Set by the Scottish Budget on 3 December 2026 and voted on in February 2027.)

Taxable income is pay above the personal allowance. The band limits do not change with the allowance; the gross pay at which each starts does.

Wales

Band	Taxable income	Rate	Source	Checked	Status
Basic rate	£0 to £37,700	20%	gov.uk	7 November 2026	Announced (Welsh rates are the UK rates less 10p plus the Welsh rate; the Welsh rate for 2027/28 is set by the Welsh Government)
Higher rate	£37,701 to £125,140	40%	gov.uk	7 November 2026	Announced
Additional rate	Over £125,140	45%	gov.uk	7 November 2026	Announced

Taxable income is pay above the personal allowance. The band limits do not change with the allowance; the gross pay at which each starts does.

Income tax

Figure	Value	Source	Checked	Status
Personal allowance	£12,570	gov.uk	7 November 2026	Legislated. Fixed until April 2028 by section 5 of Finance Act 2023
Income limit for the personal allowance	£100,000	gov.uk	7 November 2026	Legislated
Allowance lost per £1 of income above the limit	50%	gov.uk	7 November 2026	Legislated. £1 of allowance lost for every £2 of adjusted net income above the taper start
Marriage allowance transfer	£1,260	gov.uk	7 November 2026	Announced
Starting rate for savings	£5,000	gov.uk	7 November 2026	Announced
Starting rate for savings: other income limit	£17,570	gov.uk	7 November 2026	Announced. Personal allowance plus the starting rate limit; both are unchanged
Personal savings allowance, basic rate	£1,000	gov.uk	7 November 2026	Announced
Personal savings allowance, higher rate	£500	gov.uk	7 November 2026	Announced
Personal savings allowance, additional rate	£0	gov.uk	7 November 2026	Announced
Savings basic rate (from 6 April 2027)	24%	gov.uk	7 November 2026	Announced
Savings higher rate (from 6 April 2027)	44%	gov.uk	7 November 2026	Announced
Savings additional rate (from 6 April 2027)	49%	gov.uk	7 November 2026	Announced
Property income basic rate (from 6 April 2027)	24%	gov.uk	7 November 2026	Announced. England, Wales and Northern Ireland. Scotland and Wales may set their own property income rates.
Property income higher rate (from 6 April 2027)	44%	gov.uk	7 November 2026	Announced
Property income additional rate (from 6 April 2027)	49%	gov.uk	7 November 2026	Announced
Property income rates, Scotland	Not set			Not yet set. Scotland gains the power to set its own property income rates from 2027/28; none set yet.
Dividend allowance	£500	gov.uk	7 November 2026	Announced
Dividend ordinary rate	10.75%	gov.uk	7 November 2026	Announced
Dividend upper rate	35.75%	gov.uk	7 November 2026	Announced
Dividend additional rate	39.35%	gov.uk	7 November 2026	Announced
Trading allowance (from 6 April 2027)	£3,000	gov.uk	7 November 2026	Announced
Property allowance	£1,000	gov.uk	8 November 2026	Legislated. Set by Part 6A of the Income Tax (Trading and Other Income) Act 2005; no change was announced at Budget 2026

National Insurance

Figure	Value	Source	Checked	Status
Employee main rate	8%	gov.uk	7 November 2026	Announced
Employee rate above the upper earnings limit	2%	gov.uk	7 November 2026	Announced
Lower earnings limit	£6,916	gov.uk	7 November 2026	Announced. £133 a week; legislation in early 2027
Primary threshold	£12,570	gov.uk	7 November 2026	Announced. £242 a week
Upper earnings limit	£50,270	gov.uk	7 November 2026	Announced. £967 a week
Employer rate	15%	gov.uk	7 November 2026	Announced
Secondary threshold	£5,000	gov.uk	7 November 2026	Announced. £96 a week
Employment allowance	£10,500	gov.uk	7 November 2026	Announced
Class 2, weekly	£3.80	gov.uk	7 November 2026	Announced
Small profits threshold	£7,355	gov.uk	7 November 2026	Announced
Class 4 lower profits limit	£12,570	gov.uk	7 November 2026	Announced
Class 4 upper profits limit	£50,270	gov.uk	7 November 2026	Announced
Class 4 main rate	6%	gov.uk	7 November 2026	Announced
Class 4 rate above the upper profits limit	2%	gov.uk	7 November 2026	Announced

Student loans

Figure	Value	Source	Checked	Status
Plan 1 threshold	Not set			Not yet set. Plan 1 thresholds for 2027/28 are announced by the Department for Education in the winter before the tax year.
Plan 1 rate	9%	gov.uk	7 November 2026	Announced
Plan 2 threshold	£29,385	assets.publishing.service.gov.uk	7 November 2026	Announced. Budget 2025 policy costing: the Plan 2 threshold is maintained at the 2026/27 level from 6 April 2027 until April 2030
Plan 2 rate	9%	gov.uk	7 November 2026	Announced
Plan 4 threshold	Not set			Not yet set. Plan 4 thresholds for 2027/28 are set by the Scottish Government.
Plan 4 rate	9%	gov.uk	7 November 2026	Announced
Plan 5 threshold	Not set			Not yet set. No 2027/28 Plan 5 threshold has been read from a gov.uk page.
Plan 5 rate	9%	gov.uk	7 November 2026	Announced
Postgraduate loan threshold	Not set			Not yet set. No 2027/28 postgraduate loan threshold has been read from a gov.uk page.
Postgraduate loan rate	6%	gov.uk	7 November 2026	Announced

Child benefit

Figure	Value	Source	Checked	Status
High income child benefit charge starts	£60,000	gov.uk	7 November 2026	Legislated. No change announced at Budget 2026
Charge reaches 100%	£80,000	gov.uk	7 November 2026	Legislated
Income per 1% of charge	£200	gov.uk	7 November 2026	Legislated
Child benefit, eldest or only child, weekly	Not set			Not yet set. The 2027/28 weekly rate has not been read from a gov.uk page.
Child benefit, each additional child, weekly	Not set			Not yet set. The 2027/28 weekly rate has not been read from a gov.uk page.

Statutory pay

Figure	Value	Source	Checked	Status
Statutory sick pay, weekly	Not set			Not yet set. The 2027/28 statutory sick pay rate is published in the winter before the tax year.
Statutory sick pay, share of average weekly earnings if lower	80%	gov.uk	7 November 2026	Legislated
Statutory sick pay, maximum weeks	28	gov.uk	7 November 2026	Legislated

Mileage allowance

Figure	Value	Source	Checked	Status
Car mileage, first band, per mile	55p	gov.uk	7 November 2026	Announced
Car mileage, first band, miles	10000	gov.uk	7 November 2026	Announced
Car mileage, after the first band, per mile (from 6 April 2027)	35p	gov.uk	7 November 2026	Announced
Car mileage, after the first band, per mile, before 2027-04-06	25p	gov.uk	7 November 2026	In force

ISAs

Figure	Value	Source	Checked	Status
ISA annual limit	£20,000	gov.uk	7 November 2026	Announced
Cash ISA annual limit	£20,000	gov.uk	7 November 2026	Announced. The previously announced reduction will not take effect
Lifetime ISA property price cap	£450,000	gov.uk	7 November 2026	In force
Lifetime ISA withdrawal charge	25%	gov.uk	7 November 2026	In force
Lifetime ISA charge, first home above the cap	20%	gov.uk	7 November 2026	In force
Lifetime ISA government bonus	25%	gov.uk	8 November 2026	Legislated. No change announced at Budget 2026; the First Time Buyer ISA replaces new Lifetime ISAs from April 2029
Lifetime ISA annual limit	£4,000	gov.uk	8 November 2026	Legislated. No change announced at Budget 2026

State Pension

Figure	Value	Source	Checked	Status
Full new State Pension, weekly	£250.70	gov.uk	8 November 2026	Announced. The explainer gives the full annual value as £13,036.40, which is £250.70 a week

Pension Tax Allowance

Figure	Value	Source	Checked	Status
Full new State Pension, annual	£13,036.40	gov.uk	7 November 2026	Announced
Pension Tax Allowance rate on the gap above the personal allowance	20%	gov.uk	7 November 2026	Announced. 20% of the amount by which the full new State Pension exceeds the personal allowance
Pension Tax Allowance: income per £1 withdrawn	3	gov.uk	7 November 2026	Announced. Withdrawn at £1 for every £3 of income above the full new State Pension
Pension Tax Allowance: last tax year	2029-30	gov.uk	7 November 2026	Announced

What changed from 2026/27

incomeTax.bands.scotland[0].upTo: £3,967 to not set (unset)
incomeTax.bands.scotland[0].rate: 19% to not set (unset)
incomeTax.bands.scotland[1].upTo: £16,956 to not set (unset)
incomeTax.bands.scotland[1].rate: 20% to not set (unset)
incomeTax.bands.scotland[2].upTo: £31,092 to not set (unset)
incomeTax.bands.scotland[2].rate: 21% to not set (unset)
incomeTax.bands.scotland[3].upTo: £62,430 to not set (unset)
incomeTax.bands.scotland[3].rate: 42% to not set (unset)
incomeTax.bands.scotland[4].upTo: £125,140 to not set (unset)
incomeTax.bands.scotland[4].rate: 45% to not set (unset)
incomeTax.bands.scotland[5].rate: 48% to not set (unset)
incomeTax.savings.rates.basic: 20% to 24% (announced)
incomeTax.savings.rates.higher: 40% to 44% (announced)
incomeTax.savings.rates.additional: 45% to 49% (announced)
incomeTax.property.rates.basic: 20% to 24% (announced)
incomeTax.property.rates.higher: 40% to 44% (announced)
incomeTax.property.rates.additional: 45% to 49% (announced)
incomeTax.tradingAllowance: £1,000 to £3,000 (announced)
nationalInsurance.employee.lowerEarningsLimit: £6,708 to £6,916 (announced)
nationalInsurance.selfEmployed.class2Weekly: £4 to £4 (announced)
nationalInsurance.selfEmployed.smallProfitsThreshold: £7,105 to £7,355 (announced)
studentLoans.plan1.threshold: £26,900 to not set (unset)
studentLoans.plan4.threshold: £33,795 to not set (unset)
studentLoans.plan5.threshold: £25,000 to not set (unset)
studentLoans.postgraduate.threshold: £21,000 to not set (unset)
childBenefit.weeklyEldest: £27 to not set (unset)
childBenefit.weeklyAdditional: £18 to not set (unset)
statutoryPay.ssp.weekly: £123 to not set (unset)
mileage.carAfterRate: 25% to 35% (announced)
mileage.motorcycle: 24% to not set (unset)
mileage.cycle: 20% to not set (unset)
isa.cashLimit: not set to £20,000 (announced)
pensionTaxAllowance: not set to [object Object] (unset)
statePension.fullNewWeekly: £241 to £251 (announced)

A value in this file last changed on 9 November 2026. Re-verifying a value does not count as a change.

This page is rendered from the rules file for 2027/28, open data under CC BY 4.0. The methodology explains the status words and how values are verified.

Other years: 2025/26, 2026/27.